UPDATED Harbour Asset, AMP Capital emerge as holders of Tower after GPG sells stake

Mon, 30 Sep 2013

(Adds reference to AMP Capital with 8.4 percent stake) Oct. 1 (BusinessDesk) – Harbour Asset Management and AMP Capital Investors (New Zealand) have emerged as a substantial security holder in Tower following yesterday’s placement to sell Guinness Peat Group’s stake in the general insurer. AMP Capital holds 17.4 million shares, or about 8.4 percent of Tower, while Harbour Asset holds 12.95 million shares, or about 6.3 percent, they said in statements to the NZX. First NZ Capital handled the placement of GPG’s 33.6 percent holding at $1.70 ap...

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